A Boston-based Wall Street firm and a sports advisory company have made a joint proposal to buy all 30 of the NHL's teams for as much as $3.5 billion US, according to reports.
That offer was a complete joke. It makes every franchise worth around $117,000,000, so no wonder the NHL rejected it faster than a JTR request for a chick's digits.
Hapday wrote:That offer was a complete joke. It makes every franchise worth around $117,000,000, so no wonder the NHL rejected it faster than a JTR request for a chick's digits.
That would be about 116,000,000 more than they are worth right now.
"Once upon a time, dinosaurs didn't have families. They lived in the woods and ate their children. It was a golden age."
—Earl Sinclair
"I do have respect for authority even though I throw jelly dicks at them.
Gotta give that group some points for having the grapefruits to make a bid like that. It would most certainly insure a cap. If they could keep all 30 teams healthy and competitive, I'm up for anything. I wonder what the players think.
Man, this is just a joke now. How long before this turns into an XFL?
mvscal wrote:
Of course. The 'I was just trolling' card. The monotonously predictable last gasp of a plungered gimp as he swirls down the drain.
Sorry Spanky, you're on my hook.
Hapday wrote:That offer was a complete joke. It makes every franchise worth around $117,000,000, so no wonder the NHL rejected it faster than a JTR request for a chick's digits.
bingo...just look at the mess that was the continental basketball association when a group led by Isiah Thomas bought the whole league and it ended up in bankruptcy.
bettman and goodenow both need to fall on the swords for the good of the game.
Guess what-I got a FEVAH...and the only prescription is MORE COWBELL
Hapday wrote:That offer was a complete joke. It makes every franchise worth around $117,000,000, so no wonder the NHL rejected it faster than a JTR request for a chick's digits.
I would say about 4 teams are worth that much or more at this time: Detroit, Toronto, NY Rangers, and maybe Montreal. And I don't think it has been rejected yet, but sinc it needs all 30 teams to agree it will be. But if you polled the owners I bet 75-80% would take it.
"As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron."
- H.L. Mencken (1880 - 1956)
See You Next Wednesday wrote:
But if you polled the owners I bet 75-80% would take it.
I seriously doubt that. The schmucks and Canadiens amy have sold for a song, but expansion franchises still spent $250 million + on their team. They won't go for it.
See You Next Wednesday wrote:
But if you polled the owners I bet 75-80% would take it.
I seriously doubt that. The schmucks and Canadiens amy have sold for a song, but expansion franchises still spent $250 million + on their team. They won't go for it.
They may have spent 250+ million but the teams are not worth anywhere near that much. If the Ducks went for $60 million how much do you really think the ATlanta Thrashers are worth? I agree it won't happen, though.
"As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron."
- H.L. Mencken (1880 - 1956)
Before the lockout, Forbes estimated all 30 teams were worth $4.9 billion. Detroit was the most valuable at $266 million and Edmonton was least valuable at $86 million. I'd be safe to assume that the teams that are currently worth less than $111 million wouldn't mind selling and actually getting a return. Meanwhile, owners like Ilitch, Kroenke, Hicks, etc...they'd lose quite a bit in the deal. It's such a wild idea and the fact the league is at an all-time low...why not shake things up? As long as they don't rename the Stanley Cup or slap their corporate logo all over the place, I say go for it.
